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Norsk Hydro Asa ( (GB:0Q11) ) has provided an announcement.
Norsk Hydro Asa has announced plans to consolidate its European extrusion business by closing five factories in the UK, Germany, Italy, and the Netherlands by 2026. This strategic move aims to optimize capacity and strengthen Hydro’s market position in Europe, affecting 730 employees and involving significant restructuring costs. Despite the closures, Hydro assures that customer service levels will remain unchanged, with products being supplied from other facilities.
The most recent analyst rating on (GB:0Q11) stock is a Buy with a NOK77.00 price target. To see the full list of analyst forecasts on Norsk Hydro Asa stock, see the GB:0Q11 Stock Forecast page.
More about Norsk Hydro Asa
Norsk Hydro Asa operates in the aluminum industry, focusing on the production of aluminum products and services. The company is known for its extrusion business, which involves shaping aluminum by forcing it through a die. Hydro has a significant presence in the European market, offering a range of products and services in aluminum extrusion.
Average Trading Volume: 3,879,740
Current Market Cap: NOK140.7B
See more insights into 0Q11 stock on TipRanks’ Stock Analysis page.